What Is the Difference Between a Real Estate Consultant and a Realtor?

real estate consultant vs real estate agent

Learn the difference between a real estate consultant and a real estate agent.

Real estate consultants and realtors play significant roles in the housing market, and although their duties may overlap at times, they have crucial differences. A real estate consultant, like the professionals you can find at Colony Title Associates, often advises clients on activities in the housing market. A realtor, however, helps clients buy or sell properties. Both of these roles are essential for navigating the housing market. Read on for more information on how a real estate consultant and a realtor differ from each other. 

The Real Estate Consulting Industry

Real estate consultants can be found at real estate consulting firms. These firms provide research, analysis, and advising services to an array of clients. These clients can include construction developers, investment banks, mortgage lenders, materials producers, builders, and property investors. A real estate consultant may provide services to a variety of investors or businesses, or they may specialize in a particular type of client. 

The Role of the Real Estate Consultant

A real estate consultant typically starts a relationship with a new client by meeting with them to discuss their objectives. For instance, a property developer may want to learn about the viability of putting in a new strip mall. After learning the client’s objectives, the consultant will prepare the necessary research tools. For a property developer, research may involve site-based visits, meeting with community officials, and compiling data that provides insights into broader property development trends. 

The Listing Agent Realtor

Realtors, on the other hand, often fall into two categories: the real estate listing agent or a buyer’s agent. A real estate listing agent helps a seller list a home or business for sale. The agent then enters the property into local real estate listing services and markets that property within the community. The agent then informs the seller when someone is interested in purchasing the property and helps to manage the review of offers and counteroffers. Real estate agents also typically got a commission on the sale. 

Buyer’s Agent Realtor

A buyer’s agent will work with clients that are looking to buy a home or commercial building. The primary responsibility in this role is to research properties that meet the client’s needs and then show the client the properties. Agents can sometimes offer insights and recommendations on properties, similar to a real estate consultant. Then, the agent will typically direct the preparation of an offer on the property. During a negotiation, the buyer’s agent can help facilitate offers until both parties agree to a contract. 

A Title Company You Can Trust: Colony Title

At Colony Title, we will help you through the process of getting your property’s title and help you avoid the pitfalls of hidden costs while you buy your home. We are also well trained in identifying any and all errors in public records and helping you resolve them. We specialize in real estate title insurance in both Maryland and Washington, D.C., and we will perform an expert title search, check through all past documentation, and examine records for any fraud or forgery. For more information on how we can get you into the home of your dreams, contact us online or give us a call at (410) 884-1160. To get more updates on housing markets and how to get into your home, follow us on Facebook, Twitter, LinkedIn, and Google+.

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